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Gustave A. Larson Company Acquires Pameco Operations in Seven States

MILWAUKEE, WI. – May 9, 2003 – Gustave A. Larson Company (“Larson”) announced today the purchase of certain assets from Pameco Corporation in seven states.  Larson will now be operating these 14 locations in Colorado, Utah, Idaho, Nebraska, North Dakota, South Dakota and Minnesota.  This move is designed to establish a major presence for Larson in the Colorado, Utah and Idaho markets, and helps strengthen Larson’s customer service to it’s customers in the states of Nebraska, North Dakota, South Dakota, and Minnesota.

 “The branch teams in these locations have had a strong commitment to customer service.  This is a tremendous opportunity for our company to work with them, and achieve the long-term growth potential that these markets offer.” Said Andrew Larson, President of Gustave A. Larson Company.  “It is exciting for us to be able to introduce Gustave A. Larson Company to an entirely new group of customers.  Our philosophy is to be professional, progressive and enthusiastic, with a strong focus on helping our customers maximize their success.  After a short transition time of inventory replenishment, our focus will be on deepening our customer relationships through offering high customer service levels, from an inventory, educational and technical perspective.” 

Gustave A. Larson Company has established itself as a market leader and the premier wholesale distributor of commercial refrigeration and HVAC products in the greater Midwest area.  Larson’s products include a full line of residential and commercial HVAC equipment and accessories and commercial refrigeration products.  Following the completion of these transactions, the Company will operate 45 locations serving customers in thirteen Midwestern states.  Additional information may be found on the Internet at www.galarson.com.

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